Feb 16, 2017 | Small Business
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have tax-advantaged retirement plans set up for themselves. Why? Unlike other types of retirement plans, a SEP is easy...
Feb 13, 2017 | Small Business
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two available tax credits are especially for small businesses that provide certain employee benefits. And one of them might not be available after 2017. Small-business health care...
Dec 22, 2016 | Small Business
Although Roth 401(k) accounts have been around for 10 years, many employers don’t offer them and many people still don’t understand them. As the name implies, these plans are a hybrid — taking some characteristics from Roth IRAs and some from employer-sponsored...
Dec 17, 2016 | Small Business
Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future. So if you haven’t...
Dec 12, 2016 | Small Business
Nonqualified deferred compensation plans pay executives at some time in the future for services to be currently performed. They differ from qualified plans, such as 401(k)s, in that: NQDC plans can favor certain highly compensated employees, Although the executive’s...
